Retail Trade

Definition: Retail trade involves the sale of goods or services directly to consumers for personal or household use. Retail businesses typically operate through physical stores, online platforms, or pop-up shops.

Example: A business that sells handmade home decor items through an Etsy shop or a local boutique would fall under the retail trade sector, potentially using NAICS codes like 453220 – Gift, Novelty, and Souvenir Stores or 454110 – Electronic Shopping and Mail-Order Houses.

Resources:

• Shopify: A platform for creating online stores and selling products directly to consumers.
• Point-of-Sale (POS) Systems: Tools like Square POS streamline in-person and online retail transactions.
• Retail Associations: Organizations like the National Retail Federation (NRF) offer resources for retail businesses.

Learn More: Explore our guide to understand how retail trade businesses are classified and how to choose the right NAICS code.